Material Licence means, with respect to the Borrower or a Restricted Subsidiary, any licence, authorisation or concession to operate its current business, which, at the time of determination, accounts for more than 10% of the EBITDA for the four full fiscal quarters next preceding the date of determination for which consolidated financial statements are available.
Material Licence means all licences for the use of radio frequencies for mobile telecommunications held by the Vodafone Target Group on 1 January 2016;
Material Licence means the Issuer’s gas transporter licence granted pursuant to section 7 of the Gas Act, with respect to its transportation of gas and any other licences notified as such by the Issuer to the Trustee;
Examples of Material Licence in a sentence
No event has occurred and is continuing that would constitute a breach of any material provision of, or a default of any material provision under, any Material Licence.
More Definitions of Material Licence
Material Licence means any:
Material Licence means, in relation to a Target Group, each licence (including those relating to telecommunications and radio frequency), consent, permit, authorisation or other permission or approval that is required pursuant to Applicable Laws for or in connection with the carrying on of the business being carried on by the Target Group taken as a whole as at the date of this Agreement and the absence of which would have a material adverse effect on the business of the Target Group;
Material Licence means any licence, franchise, permit or approval issued by any Governmental Authority to the Borrower, and which is at any time on or after the date of this Agreement,
Material Licence any Material Licence is revoked, where such revocation has a Material Adverse Effect (and, for the avoidance of doubt, no such Material Adverse Effect shall occur in circumstances where a Material Licence is revoked, but a similar licence is subsequently granted to another member of the Group); or
Material Licence has the meaning given in paragraph 6.1 of Schedule 7;
Material Licence means all licences for the use of radio frequencies for mobile telecommunications held by the
Material Licence means any licence granted under Article 92 or Article 77 of the Air Navigation Order or under Part IV of the Airports Act.